Why did US tech stocks suddenly collapse?
Goldman Sachs believes that although the revenue of tech giants such as Nvidia is growing rapidly, the cost of investing in AI is huge, causing the market to worry about the profitability and reasonable valuation of technology stocks. The fatigue of software stocks since this year may also reflect investors' concerns about AI.
S&P 500 Marks a Loss for Holiday-shortened Week, but Finishes May With a Win
Atlassian Shares Are Trading Lower Amid Weakness in Some Software and IT Stocks, Possibly Following Recent Weak Guidance From Salesforce.
Atlassian Shares Are Trading Lower Amid Weakness in Some Software and IT Stocks, Possibly Following Recent Weak Guidance From Salesforce.
Buying The Dip In Salesforce? Redditors Warn Against Catching The Falling Knife, Give 5 Reasons It Might Be 'Dead Money'
Salesforce Inc (NYSE:CRM) stock witnessed a 20% stock plunge following a messy quarter with disappointing revenue and weaker guidance.Reddit user GAMorgan- at r/stocks questioned whether the current d
Macquarie Maintains Outperform on Salesforce, Lowers Price Target to $275
Macquarie analyst Frederick Havemeyer maintains Salesforce (NYSE:CRM) with a Outperform and lowers the price target from $330 to $275.
Salesforce Analyst Ratings
Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 05/31/2024 20.24% Macquarie $330 → $275 Maintains Outperform 05/30/2024 13.69% Citigroup $323 → $260 Maint
Salesforce Shares Are Trading Higher as the Stock Rebounds Following Its Recent Drop.
Salesforce Shares Are Trading Higher as the Stock Rebounds Following Its Recent Drop.
A Closer Look at Paycom Software's Options Market Dynamics
Investors with significant funds have taken a bullish position in Paycom Software (NYSE:PAYC), a development that retail traders should be aware of.This was brought to our attention today through our
10 Information Technology Stocks With Whale Alerts In Today's Session
This whale alert can help traders discover the next big trading opportunities.Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scan
Investors Punished Salesforce After Earnings. See the Other Worst Recent Post-report Reactions
Paycom Software Shares Are Trading Lower After the Company Announced Leadership Changes.
Paycom Software Shares Are Trading Lower After the Company Announced Leadership Changes.
Salesforce Still Confident About Becoming An AI Era Winner Despite Disappointing Quarter
On Wednesday, Salesforce Inc (NYSE:CRM) posted its first quarterly revenue miss since 2006, along with providing a softer-than-expected guidance. Despite the miss, many analysts are optimistic that th
Paycom Appoints Randy Peck To Chief Operating Officer
Paycom Software, Inc. (NYSE:PAYC) ("Paycom" or the "Company"), a leading provider of comprehensive, cloud-based human capital management software, announced that Randy Peck, a 20-year Paycom veteran,
Nasdaq, S&P, Dow Futures Fall Ahead of Key Inflation Data
Google's Ex-CEO Eric Schmidt, Amazon, Salesforce Propel France's Ambition To Be Global AI Leader
France is making strides in its bid to become a global leader in artificial intelligence (AI), backed by major U.S. tech companies.What Happened: France is positioning itself as the next AI superpower
Investor Sentiment Falls Further Ahead Of Inflation Data; Dow Tumbles Over 300 Points
The CNN Money Fear and Greed index showed further decline in the overall market sentiment, but the index remained in the "Neutral" zone on Thursday.U.S. stocks settled lower on Thursday, with the Dow
Salesforce took the lead in the collapse, and US software stocks collapsed across the board. Will the AI era fall behind without transformation?
Software companies ushered in the worst earnings season in history as customers reduced the scale of software procurement due to investment in AI.
US stocks closed | Interest rate cuts spread, and the three major indices still fell; Nvidia fell nearly 4%, and its market capitalization evaporated by more than 100 billion dollars, and Salesforce's performance fell sharply by 20%
The Dow closed down 0.86%, S&P fell 0.6%, and the NASDAQ fell 1.08%; only Apple, the seven tech giants, did not fall; Microsoft fell more than 3%; China rebounded against the market, and NIO rose nearly 10%.
Piper Sandler's Actionable Trading Ideas: 3 Positive, 3 Negative
Salesforce Stock Tumbled, But Many Analysts Maintain Long Term Optimism Despite Q1 Setback, Eye AI Growth
Salesforce Inc (NYSE:CRM) shares are trading lower Thursday after multiple analysts slashed their price targets following the first-quarter print.Salesforce reported first-quarter revenue of $9.13 bil